COVID has taught us that Supply Chain issues can shake the whole economy. And everyone is attacking Supply Chain issues from their perspective. And sometimes it’s very hard to understand how these solutions will collectively solve the overarching issues within Supply Chain. One of the most critical perspectives that are often missed when we talk about production scheduling is of the buyer who is responsible for procuring materials and ensuring that the shop floor has the materials timely. But managing the procurement process while optimizing the inventory is easier said than done.
In today's episode, our guest, Richard Lebovitz, who shares his insights into procurement prioritization and its impact on scheduling and inventory. He also compares and contrasts various systems such as S&OP, IBP, P2P, and vendor collaboration software and where procurement-focused systems such as LeanDNA fit in the architecture. Finally, he discusses how the underlying data and business and the configuration of the business and information model may have an impact on your procurement and production processes.
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